ABOUT 15 BILLION AMD INVOLVED IN ARMENIA’S ECONOMY FROM THE RUSSIAN LOAN

ARMENPRESS
SEPTEMBER 18, 2009
YEREVAN

YEREVAN, SEPTEMBER 18, ARMENPRESS: RA Central Bank has already been
extended 60.5 billion AMD from the stabilization loan of about 500
million USD provided to Armenia by Russia.

The 15 billion from IT has already been distributed between the
Armenian trade banks, and has been extended as a loan by the part of
the latter. Three hundred to five hundred million AMD has been extended
as a hypothec loan, RA Finance Vice-Minister Vardan Aramyan said at
today’s press conference summoned at RA government. According to him,
at the beginning the dynamics of involving that money in economy
was quite slow, but currently trends of activation are already quite
notable. Forty four USD from that money has been extended to 3 Armenian
large mining enterprises as system making companies.

In regard to reaching that money to economy the Vice-Minister attached
importance to the active behavior of the banks; they still go on
displaying a certain watchfulness.